|
| Exchange Disseminated Time | Cyber Tech Systems and Software Ltd has informed to BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolution relating to purchase of Company’s own fully paid equity shares of face value of Rs 10/- each not exceeding 66,17,836 equity shares of the Company at a fixed price of Rs 12/- per equity share through the Tender Offer Mechanism for Buy-Back (‘the Buy-Back') and the total aggregate amount to be expended by the Company for the Buy-Back not exceeding
Rs 1266.71 Lakhs, i.e. upto a limit of 25% of the total paid up share capital and free reserves of the Company and not exceeding 25% of the total paid up equity capital as per the audited Balance Sheet as on March 31,2009, subject to necessary provisions & approvals.
The Company has appointed Mr. Anant Amdekar, Company Secretary in whole-time practice, as the scrutinizer for conducting the Postal Ballot voting process.
The Postal Ballot form duly completed should reach the scrutinizer on or before the closing of working hours on October 07, 2009. The scrutinizer will submit his report to the Chairman or any Director of the Company after completion of the scrutiny and the results of the postal ballot will be announced by the Chairman or any Director of the Company on October 08, 2009. |
|
|